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May 17, 2024 |
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| Home > Small Business Lenders by State > Minnesota Business Loan Sources > Shorewood, Business Loans > Beacon Bank Shorewood Business Loans > Printed Circuit Boards Loan | ||||
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Banks in Shorewood, Minnesota That Make SBA Loans
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Entrepreneur Works With Shorewood, Minnesota Bank to Get an SBA LoanGet SBA loans from a Shorewood, Minnesota bank that knows how to treat small business owners right! If this firm can get a loan, there's no reason you can't do it too. Beacon Bank is a Shorewood, Minnesota small business lender that is dedicated to providing financing to small businesses. In this case, they gave a small business loan to a Minnesota company. SBA Loan Borrower COMPANY TYPE: PRINTED CIRCUIT BOARDS SBA Loan Lender BEACON BANK This bank loan was a SBA 7A loan, which means it originated at a lending institution and the SBA provide a guaranty on a portion or percentage of the loan. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 3672 - Printed Circuit Boards NAICS Code 334412 - Bare Printed Circuit Board Manufacturing Loan Approval Date 5/25/2000 Loan Approval Gross Amount $1,170,000 Loan Approval from the SBA Of the total $1,170,000 loan amount, the SBA guaranteed $748,800. More Information on This SBA Loan The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 58 employees. The SBA loan application for the borrower did not indicate that the business promised to use the funding to hire new employees or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans make it possible for banks to offer loans more easily and provide them with more flexible terms than conventional loan options. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $1,170,000 loan. Remember, you control your own destiny. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Obtaining Funding - How to Decide How Much to Raise SBA 7A Lenders in Shorewood, Minnesota
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